Cost Engineer – Power & Water Transmission Projects

About the role

The Cost Engineer will lead cost management for large‑scale power and water transmission projects in Abu Dhabi. Reporting to senior management, the role ensures budgets are accurate, costs are tracked, and financial risks are mitigated throughout the project lifecycle.

Key responsibilities

• Develop and maintain overall program and package budgets, keeping them live and updated as work progresses.
• Track costs against approved budgets, including committed, incurred, actual/paid and forecast final costs.
• Prepare detailed cost reports for each work package, showing variances, earned value and month‑to‑month movements with commentary.
• Review and verify EPC contractors’ reports on work performed and coordinate with clients, supervision consultants, vendors and regulatory authorities.
• Manage insurance and bond registers, process variation orders, assess claims and verify payments.
• Produce monthly Forecast‑to‑Complete estimates and ensure timely final accounting for each EPC contract.
• Present regular project cost status reports to senior management and the client, highlighting risks and mitigation actions.
• Mentor project team members and foster strong stakeholder relationships.

Required profile

• Bachelor’s degree in a related engineering or construction discipline.
• Minimum 5 years of cost engineering experience on large‑scale power or water transmission projects.
• Proven track record of managing budgets and cost reporting in a PMC environment.
• Strong leadership, communication and problem‑solving abilities.
• Ability to work under pressure and manage multiple priorities.
• Proactive approach to risk management and conflict resolution.

Required skills

• In‑depth knowledge of commercial management software.